Pier 1 Imports Inc., the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores.
The Fort Worth company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection this year. It said it will start going-out-of-business sales as soon as it can reopen stores that have been temporarily shut due to the coronavirus pandemic. Pier 1 started with a single store in 1962 that sold beanbag chairs and love beads to hippies in San Mateo, Calif. It expanded to offer just about anything for the home, including lounge chairs and curtains, and it later adopted the logo “From Hippie to Hip.” At its height, Pier 1 had more than 1,200 stores.But in recent years, its sales have fallen as it struggled to compete with online retailers Wayfair Inc. and Amazon.com Inc.
Other chains that have failed to connect with customers and have filed for bankruptcy protection this month
Didn’t they close months ago? I know ours did.
The Blues Brothers car chase through the mall is getting even more nostalgic.
Ugh I hope I get the missing parts to the dresser I ordered and tried putting together yesterday 😤😤😤
When does the sale start?
With Marshall's, TJMaxx and Burlington around I'm surprised this store lasted this long. Why pay full price?
I hope there's a big sale.. so I can spend money that I don't have
Pier Chapter 11
Too bad.
I loved that place growing up! Not so much in recent decades.
Bye Felicia
Let me make a guess.. They first paid out their executives a hefty amount of $$$.. then they filed bankruptcy so they don't pay their creditors.. typical.
:(
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